New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    ‘A’ and ‘B’ started a business by investing

    certain sum in the ratio 6:5, respectively for 7 years. If 12% of the total profit is donated in an orphanage and A’s share is Rs. 8820, then find the total profit generated from the business.
    A Rs. 18375 Correct Answer Incorrect Answer
    B Rs. 18275 Correct Answer Incorrect Answer
    C Rs. 17375 Correct Answer Incorrect Answer
    D Rs. 18975 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Since, ‘A’ and ‘B’ invested their sums for equal period, therefore, ratio of the profit received by ‘A’ and ‘B’ will be equal to the ratio of sum invested by them i.e. 6:5, respectively Let the total profit received by them be Rs. 100x Therefore, profit distributed between ‘A’ and ‘B’ = 0.88 × 100x = Rs. 88x Profit received by ‘A’ = 88x × (6/11) = Rs. 48x According to the question, 48x = 8820 => x = 183.75 Therefore, total profit received by ‘A’ and ‘B’ = 100x = Rs. 18375

    Practice Next

    Relevant for Exams: